Binance (BNB) is a coin introduced by the Binance crypto exchange, which is the largest platform in the world as of 2022. It is estimated to conduct millions of transactions every day. After introducing the BNB coin, its growth has been amazing, which has significantly increased the value of BNB.
There are only 200 million coins in the world, and if you are lucky enough to own some, you can HODL them on a reliable platform to earn BNB interest. If you are not aware of where to save them, then you are in the right place. This article will cover some of the most popular platforms to try to earn for free.
How BNB Interest-Earning Platforms Work
If you are passionate about crypto, then it is prudent you know how to earn free BNB coins through interest platforms. These platforms give you a certain percentage calculated in APY or APR. Some are high for certain reasons, while others are lower but still very competitive compared to traditional banks.
The more BNB you save, the more returns you get. The only precaution you need to take is saving on reliable and trusted platforms like the ones mentioned below. Also, consider saving on a flexible basis because you can access your digital assets at any time.
So, to earn interest on BNB, you will need to decide on the platform and open an account. Most are accessible on mobile apps these days, making it convenient to earn BNB interest on the go. Mostly, the compound interest is paid out regularly, say daily or weekly.
Lastly, it is worth mentioning that these platforms use your saved digital assets to provide loans to other users, who pay the loans back with interest. Other platforms inject the investment in smart contracts that yield income in return. This is how they can give you interest and make profits.
That said, let us dive into the popular crypto savings platforms that will give you BNB interest and other benefits as well.
HODLing has become a lot easier and remains very beneficial with platforms such as YouHodler. If you are not interested in trading right now but still want to earn free Binance coin, get an account with this platform and deposit BNB to enjoy compound interest of 3% APR.
But this is not the only benefit you will get; this platform is a secure platform where your digital assets will be safe and within your control. It has low minimum deposits and affordable charges on withdrawals. If you are looking forward to growing your crypto assets through BNB interest, try this platform now.
Earn BNB Interest on Binance Chain
Binance has a program called Binance Earn. It is a dynamic platform with numerous activities including earning interest on BNB saved in a wallet. Locked savings have a high APR, but investors do not have access to their saved assets. Alternatively, flexible savings give investors full access at any time.
This is a great platform to enjoy BNB interest calculated as Binance compound interest. As such, your digital assets will grow very fast if you do not withdraw the interest.
Binance has an app that you can download on your phone to facilitate this amazing investment conveniently. And it is available for different operating systems, so there is no excuse for not having it.
Nexo BNB Interest
The Nexo crypto savings platform gives an 8% APR on BNB that is paid out daily. As such, this is the best BNB interest rate you can get today. Nexo calls on investors with idle BNB to save and let their coins earn for them. It is the best way to beat volatility as you wait for the rates to improve and later sell using the Binance exchange or any other platform of your choice.
The platform has equipped its website with the right tools and information you need to invest and earn BNB interest without fear. If you are looking for an excellent option to invest in a passive income-generating opportunity, look no more; saving the Binance coin on Nexo is what you have been looking for.
Celsius BNB Interest
According to reports by the popular news source PRNewswire.com in June 2022, the Celsius Network has added coin on their mobile platforms among other coins. This means investors can have BNB savings, as well as trading on their Celsius mobile app or the web platform.
Just like Nexo, Celsius has amazing rates at 8.49% APR. But for a better understanding, it is recommended that you use the BNB interest calculator on the official website to know how much your investment will earn. Fortunately, the entire Celsius platform is very easy to use whether you are new to crypto or experienced in earning BNB interest.
CoinLoan BNB Interest
Would you like to get free BNB passively? Well, this is the platform to use. The APR is very competitive at up to 12%. However, you may have to convert your BNB to the BUSD stablecoin before you save and earn BNB interest on CoinLoan.
According to the website, the reason for the high APR is that BUSD is a stablecoin pegged to the dollar. Hence, it is not affected by the volatility of the crypto market changes. So, get an account now and enjoy this relatively new product. You will not regret it.
Midas.investment Binance Interest
Things get even better as you discover more options to try. Midas.investment is a relatively new crypto platform that has amazing earning products. BNB earning on this platform is on another level because it could go as high as 17% APR. If you like a short investment of only 24 hours, their rate is as high as 4.5%, which is incredible.
These rates are offered for BNB, but the platform accepts numerous other coins that are worth checking out. Opening an account is not only simple but fast and convenient using their mobile application or website.
The benefits of Binance investment will only get even better. So, you need to make your decision now and jump in. By now, it is clear that BNB interest is a great passive source of income. Newbies who aspire to invest in Binance Coin now have helpful information to assist them in making the right decisions.